Marathon Petroleum Corporation technical analysis
Technical analysis of Marathon Petroleum Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Marathon Petroleum Corporation
Marathon Petroleum Corporation is an integrated downstream energy company operating in the United States through three main segments: Refining & Marketing, Midstream, and Renewable Diesel. The company operates refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States, and sells refined products including transportation fuels, heavy fuel oil, and asphalt to wholesale customers, spot market buyers, and branded retail outlets both domestically and internationally.
Description generated automatically from public sources; it may be inaccurate or out of date.
Marathon Petroleum Corporation: latest session data
Closing values for October 20, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
434.83 $
+8.95%
50 sessions
402.28 $
+17.76%
200 sessions
278.44 $
+70.14%
Session levels
s2
456.34
Support
s1
465.02
Support
pivot
479.35
Pivot
r1
488.03
Resistance
r2
502.36
Resistance
How to read it
In the October 20, 2026 session Marathon Petroleum Corporation closed higher at 473.75 $, +0.01% versus the previous session.
The price sits above every moving average observed: +8.95% against the 21-session average, +17.76% against the 50 and +70.14% against the 200.
The 14-period RSI reads 71.6, in overbought territory.
MACD stands at 24.201 against a signal line at 22.304: the histogram is positive (+1.897).
ADX reads 40.6, indicating a marked directionality.
Levels computed on the latest session place supports at 465.02 and 456.34 $ and resistances at 488.03 and 502.36 $, around a pivot of 479.35.
The average daily range (ATR) is 15.880 $, or 3.35% of price.
Turnover was 1.3M shares, 63% of the 20-session average.
Over the last twelve months the price ranged between 232.73 and 493.69 $, and today stands −4.04% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Marathon Petroleum Corporation
How is Marathon Petroleum Corporation analysed technically?
Technical analysis of Marathon Petroleum Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Marathon Petroleum Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Marathon Petroleum Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Marathon Petroleum Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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